Customs Notification No- 27/2012 dated 18.4.2012

Customs Notification No- 27/2012 dated 18.4.2012
Amendments in the notification regarding duty free re-import of cut & polished diamonds into India after certification/grading by the laboratories / agencies as notified in the Foreign Trade Policy
G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 9/2012-Customs, dated the 9th March, 2012 which was published in the Gazette of India, Extraordinary, vide G.S.R. 129 (E) dated the 9th March, 2012, namely:-

In the said notification, for the Explanation and the entries relating thereto, the following shall be substituted, namely,-

Explanation. - (1) For the purposes of condition No. v), a variance not exceeding +_ 1 mm in height and circumference and not exceeding +_ 1 cent in weight shall be allowed.

(2)For the purposes of this notification, “Foreign Trade Policy” means the Foreign Trade Policy, published by the Government of India in the Ministry of Commerce and industry, vide notification No.1/2009-2014, dated the 27th August, 2009, as amended from time to time.

F.No.354/4/2012-TRU

[Raj Kumar Digvijay]
Under Secretary to the Government of India

Note. - The principal notification No. 9/2012-Customs, dated the 9th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.129 (E) dated the 9th March, 2012.